Indian Oil Corporation is a Maharatna PSU under the Government of India, with operations spanning the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, as well as exploration and production, natural gas, and petrochemicals.

The company’s standalone net profit surged 321.98% to Rs 12,125.86 crore in Q3 FY26 compared with Rs 2,873.53 crore in Q3 FY25. Revenue from operations (excluding excise duty) rose 5.43% YoY to Rs 2,04,424.39 crore in Q3 FY26 as against Rs 1,93,899.5 crore reported in Q3 FY25.

The counter rose 0.72% to Rs 187.85 on the BSE.